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Transcripts For KQED Nightly Business Report 20130109

happening with the new government being there. europe in fact, i think it is a surprise for many because it is muddling through, and it will probably continue to muddle through for a while. but it has been muddling through okay. one of the indicators that always use is italy interest rates, and the 10-year bond rates. the beginning of last year, almost 7%. end of last year, 4 and change. and the u.s. we have seen some growth in the u.s. last year, and we believe we have, if we avoid to hit the fiscal ceiling, the debt ceiling if we avoid that, we have it in our hands, and we can generate positive growth. we are seeing some good indications in the markets that have pretty much the debt here in the u.s. the building and construction market. for four years it has been dead. now suddenly we see it is coming back to life. this will only be coming back to life if we send strong comfortable messages and not have a discussion about the fiscal cliff and now the debt ceiling and

Transcripts For KQED Nightly Business Report 20130109

happening with the new government being there. europe in fact, i think it is a surprise for many because it is muddling through, and it will probably continue to muddle through for a while. but it has been muddling through okay. one of the indicators that always use is italy interest rates, and the 10-year bond rates. the beginning of last year, almost 7%. end of last year, 4 and change. and the u.s. we have seen some growth in the u.s. last year, and we believe we have, if we avoid to hit the fiscal ceiling, the debt ceiling if we avoid that, we have it in our hands, and we can generate positive growth. we are seeing some good indications in the markets that have pretty much the debt here in the u.s. the building and construction market. for four years it has been dead. now suddenly we see it is coming back to life. this will only be coming back to life if we send strong comfortable messages and not have a discussion about the fiscal cliff and now the debt ceiling and

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